Owner
$524,976
3017 MADORA DR SE, LACEY, WA
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
5
baths
2
sq. ft.
2,016
property type
Single Family Residential
hoa
No
About
Residential
Building Quality C
Average Condition
Living Area
Attached Garage
1 Story
Partial Basement
Forced Air Unit
None
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1968
Building Size
2,016 sq ft
Lot Size
20,552 sq ft
Lot Size (Acres)
0.47 acres
Distressed Property Status
In Pre-foreclosure
Property
Notice of Sale Filed
Property
Notice of Default Filed
Property
Scheduled for Auction
Property
Filing Date
Property
Property Location Details
Parcel Number (APN)
58280005100
County
Thurston County, Washington
Metro Area
Olympia-Lacey-Tumwater, WA
Zoning
LD 0-4
Neighborhood/Subdivision
LAKERIDGE
Lot Number
51
School District
North Thurston Public Schools
Legal Description
SECTION 26 TOWNSHIP 18 RANGE 1W QUARTER SW NE PLAT LAKERIDGE LT 51 DOCUMENT 015/013
Tax & Value Information
Market Value (Total)
$468,800
Building Value
$301,400
Land Value
$167,400
Annual Property Tax
$4,529
Tax Assessment Year
2024
Assessed Value
$468,800
Last Assessment Year
2024
Original Primary Mortgage
Property
Primary Mortgage Type
Property
Original Secondary Mortgage
Property
Secondary Mortgage Type
Property
Current Mortgage Amount
Property
Current Mortgage Type
Property
Interest Rate
Property
Loan Term
Property
Lender Name
—
Last Sale Contract Date
9/16/2019
Recording Date
9/27/2019
Sales Document #
2019.4709770
Primary Owner
Property
Co-Owner
Property
Previous Owner
Property
Previous Co-Owner
Property
Recent sales Comparables
Estimated Value:
$447,447
Average Price per Sq.Ft.: $221.95
Sales Comparables
Real Estate Investment Analysis
Evaluate this property as a fix & flip opportunity
Estimated Profit
$20,314
Return on Investment
15.60%
After Repair Value
$577,474
Basic Inputs
Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
Show Advanced Options
Analysis Details
Purchase Price
$472,478
Renovation Cost
$26,249
Closing Costs (buying)
$9,450
Holding Costs
$14,335
Selling Costs
$34,648
Total Investment
$130,194
After Repair Value (ARV)
$577,474
Total Costs
$557,160
Estimated Profit
$20,314
Cash Invested
$120,744
Return on Investment
15.60%
Return on Cash Invested
16.82%
Nearby Schools
Woodland Elementary School
C
Elementary
4630 Carpenter Road Southeast, WA
1.02 miles away
Nisqually Middle School
D
Middle
8100 Steilacoom Road Southeast, WA
1.36 miles away
Timberline High School
C
High
6120 Mullen Road Southeast, WA
2.28 miles away
Properties owned by investors
Income Distributions
Ethnicity Distributions
Chart
Yearly Purchases
Connex Segmentation Clusters
Area Profile for Investors
Mixed Use
Walkability
Fair
(3 POIs within 1mi)
Amenities Within 0.5mi
1
locations
Schools Within 1mi
2
schools
Area Class
C
class
Investor Insight
This is a mixed use area with 3 amenities within 1 mile.
The area has limited nearby amenities.
Key features for tenant appeal:
Schools Nearby
Public Transit
High-Risk Services
Map Filters
Key Amenities in the Area
Evergreen Forest Elementary
0.3 mi • Education
Long Lake Park
1.0 mi • Recreation
Union Mills Grocery
1.7 mi • Essential Services
Lacey Fire District 3, Station 34
1.9 mi • Emergency Services
Gerber Collision & Glass
2.0 mi • Automotive & Industrial
Cash Northwest
2.2 mi • High-Risk Financial Services
Olympia-Lacey Station
2.4 mi • Transit
The Viking Lounge
2.6 mi • Adult Entertainment & Liquor